BUDGET PLANING AND CONTROL

July 07 - 08 , 2018

Budgets are an essential tool in the management of an organization’s affairs. In order to prepare budgets, a manager must understand precisely what budgets are, how they are prepared and what their applications in the management’s decision process are.

The working with budgets training will provide trainee with basic theories and detailed exercises that are applicable to the day-to-day operations of an enterprise.

Course structure

The certificate course in working with Budgets spent approximately 16 hours, OR is offered a 2-day period. The course is based on a participatory, active learning approach, group discussions. An Action Guide for working with Budgets, by Ms. Pich Rathmony. Participants will receive a Certificate of Participation upon successful completion of the course. The maximum number of participants is 20.

How you will benefit

Upon the completion of this two-day training, participants are expected to benefit:

Explain what a budget is

Prepare budgets for the enterprises

Use the budgets and budgetary control techniques.

Who should attend

SME Owner, General Manager, Accountant and Finance Executive, and NGOs

What you will cover

Budget and its advantage

Steps in preparing budgets

Process to prepare the master budget

Uses of budgets

Objectives

The Working with Budgets training has the following objectives:

Define budgets;

Outline the steps in preparing a budget;

Explain how to use budgets and budgetary control.

Application

After gaining a greater understanding of the basic concepts of budgets and budgetary control, the learners will be able to do the following things in their work place:

If an owner, he/she will make use of the advantages of budgets in order to allocate financial resources, to ensure all expenditures do not exceed budgeted plans, and to maximize the financial resources of the enterprise.

If a manager, he/she will:

Collect information, make appropriate forecasts and participate and/or support the budget team in preparing the budgets;

Use the detailed budgets of various departments to ensure that each one operates within its planned budget;

Report to management all variances between actual performance and forecasts;

Ms. Rathmony is a specialist in Financial Management and Entrepreneurship Education. She has her Bachelor Degree in Business Economic from National University of Management and Master Degree of General Management from Charles Sturt University. In addition, she earns an acceptance to provincial Vcertification Training of Business Edge by Mekong Private Sector Development Facility which is part of World Bank Group.

Ms. Rathmony has had more than 14 years of experience in consulting and delivering business training to those concerned business owners within the country. She has conducted training to some sectors such as Trade Unions, Multi National Corporation –Garment factories, NGOs, Government agencies, and Business corporate companies. Her training expertises are Business Plan Creation, Micro Business, Entrepreneurship, Project Planning, Accounting and Financial skills.

Currently, Mony is a full-time trainer and consultant specializes in Small and Medium Enterprise (SME) for EDI in assisting clients to design strategic process, managing and reporting by business project and oversee with those projects to ensure that project members understand their jobs and are able to fulfill company’s expectation to achieve their financial goals and objectives.